Pace University

Analysis

Pace University is a registered charity in United States, based in Pleasantville, NY. It received its IRS tax-exemption ruling in April 1949, 77 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pace University reported income of $682.6m and spending of $638.1m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $596.7m to $682.6m (+14%), an average of +3.4% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Pace University sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NY. Charities of a similar size with the same main cause include Wgu Corporation ($682.1m), Wake Forest University ($686.9m) and Loyola Marymount University ($679.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $8.5m (1.3% of expenses). Other salaries and wages came to $165.5m. It paid $470k in professional fundraising fees. At year end it held assets of $1.30bn against liabilities of $837.5m, net assets of $462.5m. It reported 4,945 employees.